Tools that help your employees manage their benefits.
Health spending accounts throughout New Brunswick.
Healthcare can get expensive. We can enhance your employee benefits package with a Health Spending Account that helps your employees save money on everyday healthcare expenses.
Healthcare can get expensive. We can enhance your employee benefits package with a Health Spending Account that helps your employees save money on everyday healthcare expenses.
While typical healthcare insurance can be very effective for many of your business’ employees, out-of-pocket medical expenses, such as deductibles and co-payments or dental charges, can still present serious financial challenges. In turn, that increases the risk of employees not seeking necessary treatment. This could lead to the potential worsening of health problems, which could leave some employees unable to work.
A health spending account (otherwise known as an HSA) is a way for employees (and employers if they chose) to put money aside specifically to pay for these out-of-pocket medical expenses.
This isn’t a typical investment, as the money doesn’t grow, but it is an effective way of managing money for a specific purpose.
The other big advantage is that money put in to the health spending account (HSA) isn’t taxable. This results in a reduction in the payroll taxes paid both by the employing business and the employees.
Do you think a health spending account (HSA) might help your employees cover out-of-pocket medical expenses? If so, contact our employee benefits team to get started.
Health Spending Account Quote Request
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